YANG Direxion Daily FTSE China Bear 3X ETF Forecast, Technical & Fundamental Analysis
YANG's Stochastic Oscillator stays in overbought zone for 4 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where YANG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on YANG as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for YANG just turned positive on December 30, 2024. Looking at past instances where YANG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
YANG moved above its 50-day moving average on January 06, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where YANG advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FCYIX | 44.40 | 0.52 | +1.19% |
| Fidelity Select Industrials Portfolio | |||
| JSPIX | 25.71 | 0.09 | +0.35% |
| Jackson Square Large-Cap Growth Instl | |||
| AMVRX | 15.80 | 0.04 | +0.25% |
| American Century Mid Cap Value R | |||
| MDBAX | 18.97 | 0.02 | +0.11% |
| BlackRock Large Cap Focus Value Inv A | |||
| LIGNX | 11.04 | 0.01 | +0.09% |
| Loomis Sayles International Growth N | |||
YANG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, YANG has been loosely correlated with SPXS. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if YANG jumps, then SPXS could also see price increases.
| Ticker / NAME | Correlation To YANG | 1D Price Change % | ||
|---|---|---|---|---|
| YANG | 100% | +0.01% | ||
| SPXS - YANG | 41% Loosely correlated | -1.58% | ||
| TZA - YANG | 39% Loosely correlated | -1.19% | ||
| SH - YANG | 38% Loosely correlated | -0.54% | ||
| SDS - YANG | 37% Loosely correlated | -1.08% | ||
| SQQQ - YANG | 36% Loosely correlated | -0.62% | ||
More | ||||